The REICs may not

  • own more than 5% of the shares of stock or voting right of any corporation.

  • invest in gold and other precious metals.

  • invest in capital market instruments which are not traded in the Exchange or in a market organised outside the Exchange. It is obligatory that the capital market instruments must be bought and sold through the Exchange.

  • invest in commodities or futures based on commodities.

  • sell securities short or lend securities.

  • trade derivatives other than for hedging the risks.

  • pay commission or incur any expense which exceeds 3% of the value of assets bought into the portfolio, save for statutory taxes, duties and charges.

  • invest in an asset the transfer of which is subject to any restriction.

ALARKO REAL ESTATE INVESTMENT COMPANY
Muallim Naci Cad. No : 69 34347 Ortaköy-ISTANBUL-TURKEY
Phone: (212) 227 52 00    Fax : (212) 261 84 31,   227 04 27
e-mail: agmyo@alarko.com.tr